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TECHNOLOGY => Automotive => Topic started by: IL on Dec 13, 2011, 09:02 PM

Title: Saab Gets Last-Minute Cash Payment From China, Dodges Bankruptcy Bullet Again
Post by: IL on Dec 13, 2011, 09:02 PM
(http://media.il.edmunds-media.com/saab/ns/saab_bdg_ns_121311_196.jpg) Swedish media are reporting that China's Youngman Lotus Automobile, which hopes to acquire a stake in Saab Automobile, has given the bankrupt Swedish automaker a last-minute payment of $5 million, with more money promised.

InsideLine